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The biggest move came on the question of whether Cuomo will be governor at the end of the year. It\u2019s a market that had been slowly climbing in the spring and summer, with yes shares trading at 91 cents on July 31, and through the first half of Tuesday, those shares stood firm at 89 cents. However, in the hour that the report was released and James held a press conference that attracted national attention, those shares dropped from 88 cents to 51 cents.<\/p>\n<\/div>\n
By the end of Tuesday, those yes shared were valued at 30 cents.<\/p>\n
Another market that saw Cuomo backers bail was the 2022 New York Democratic gubernatorial primary winner. Except for a brief window in May, when shares for James were trading higher, Cuomo had been the favorite for the last three months.<\/p>\n
But just like the other market, the report caused Cuomo\u2019s shares to nosedive, going from 42 cents to 16 cents in just two hours. By the end of the night, the one-time incumbent favorite now was the fourth choice at 9 cents a share, behind James, Lt. Gov. Kathy Hochul, and New York City Public Advocate Jumaane Williams.<\/p>\n
Two other Cuomo markets that are timed for Sept. 1 also moved, but not as sharply. Shares on Cuomo resigning by the start of next month traded at 2 cents to start the day, and rose to a high of 38 before settling at 33. Traders weren\u2019t as bullish on lawmakers impeaching the governor in the next four weeks. After starting at 2 cents Tuesday, they rose to 27 cents by mid-afternoon before falling back to 17 cents by the end of the night.<\/p>\n
While the trading markets had still been in his favor until Tuesday, Cuomo’s polling numbers slipped significantly. That’s because of the sexual harassment and COVID-19 nursing home scandals that have cone to light in the past year. In addition, he’s been losing the support of key individuals who previously backed his campaigns, including Tioga Downs Casino owner Jeff Gural<\/a>.<\/p>\nPresidential Long Shot<\/h2>\n
Across the pond in Britain, sportsbooks are allowed to book bets on political elections, and Cuomo \u2013 once considered a possible candidate for a presidential run in 2024 \u2013 is a marked longshot now.<\/p>\n
British bookmaker Betfair has Cuomo at 66-1 odds to win the 2024 general presidential election. In what’s likely an unintentional but notable coincidence, that just so happens to be the same odds currently available for former Alaska US Sen. Mike Gravel, who ran for president in 2008 and 2020.<\/p>\n
Gravel died on June 26 at the age of 91.<\/p>\n","protected":false},"excerpt":{"rendered":"
The top political story for Tuesday in the United States was an independent investigation that found credible numerous sexual harassment claims made against New York Gov. Andrew Cuomo. As that damning 165-page report dropped late Tuesday morning, so too did the embattled governor\u2019s chances in political betting and trading markets. Throughout Tuesday afternoon, key Democratic […]<\/p>\n","protected":false},"author":45,"featured_media":181874,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,61],"tags":[],"acf":[],"yoast_head":"\n
Political Bettors Back Off NY Gov. Cuomo After Harassment Report<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n